Quality Growth Boutique
![2023-05-22_measured-growth-wins-races_teaser](/sites/default/files/styles/teaser_image_max715/public/2023-05/2023-05-22_measured-growth-wins-races_teaser.jpg.webp?itok=-wpGsfrG)
Measured growth wins races: compounding capital in tougher conditions
Low interest rates, declining tax rates, and constrained wages contributed to margin expansion for large US companies over the past decade. Companies whose growth is driven by these temporary factors may be more vulnerable in tough conditions, while quality companies with structural growth drivers designed to succeed in all conditions may prevail.